Mutual of Omaha sells final expense, guaranteed whole life and term life insurance through United of Omaha Life Insurance Company. Its Living Promise plan asks a few health questions, while its Guaranteed Whole Life plan asks none but pays a reduced benefit in the first 2 years.
What Mutual of Omaha sells
| Product | What it is | Ages | Coverage |
|---|---|---|---|
| Living Promise Level Benefit | Final expense whole life. A few health questions, no exam. Full benefit from day one. | 45 to 85 | $2,000 to $50,000 ($5,000 to $50,000 in WA) |
| Living Promise Graded Benefit | Final expense whole life for people who do not qualify for Level. Limited benefit in the first 2 years. | 45 to 80 | $2,000 to $20,000 ($5,000 to $20,000 in WA) |
| Guaranteed Whole Life | Whole life with no health questions or exam. Reduced benefit in the first 2 years for natural causes. | 45 to 85 (NY 50 to 75) | $2,000 to $25,000 ($5,000 to $25,000 in WA). $25,000 total max per person. |
| Term Life Express / Term Life Answers | Term life with level terms of 10, 15, 20 or 30 years. Can convert to a permanent plan. | Not listed on the page | Not listed on the page |
Key facts
- Financial strength: AM Best affirmed an A+ (Superior) rating for Mutual of Omaha Insurance Company and its subsidiaries, including United of Omaha Life Insurance Company, on March 13, 2025, with a stable outlook. A dealer site reports AM Best affirmed it again on April 2, 2026.
- Living Promise Graded waiting period: if death is from natural causes in the first 2 years, the beneficiary gets all premiums paid plus 10%. Accidental death pays the full benefit in all years.
- Guaranteed Whole Life waiting period: if death is from sickness or natural causes in the first 2 years, a reduced benefit is paid.
- Guaranteed Whole Life pricing: Mutual of Omaha says premiums are guaranteed not to go up. Its national rate chart shows $50.00 a month for a woman and $68.50 a month for a man, age 65, for $10,000 (rate chart loaded October 7, 2026).
- Suicide in the first 2 years (1 year in ND and MN) is not covered. Premiums paid are returned instead.
- In New York, coverage is issued by Companion Life Insurance Company.
- Complaint data: you can look up this company's complaint record on the NAIC Consumer Insurance Search site. We did not pull a complaint index number for this page.
Watch out for
- Living Promise Graded and Guaranteed Whole Life both limit the benefit for natural death in the first 2 years.
- Guaranteed Whole Life tops out at $25,000 total per person, which may not cover a full funeral.
- Mutual of Omaha says its final expense policies do not cover funeral goods or services directly and may not cover the whole cost of a funeral.
Who it may fit
- People ages 45 to 85 in fair health who can answer a few health questions (Living Promise Level).
- People who cannot pass health questions and want a small guaranteed policy.
- Working age people who want level term for 10 to 30 years.
Want to compare? A licensed agent can quote Mutual of Omaha next to other companies so you see the full picture. Check any company's complaint record with the NAIC Consumer Information Source.
Common questions
What is the difference between Living Promise and Guaranteed Whole Life?
Living Promise asks a few health questions and can pay the full benefit from day one. Guaranteed Whole Life asks no health questions but pays a reduced benefit for natural death in the first 2 years.
What does the Graded plan pay in the first 2 years?
If death is from natural causes, it pays back all premiums plus 10%. If death is from an accident, it pays the full benefit.
Can my premium go up?
Mutual of Omaha says Guaranteed Whole Life premiums are guaranteed not to go up.
Sources
- Mutual of Omaha: Whole Life Insurance
- Mutual of Omaha: Final Expense Insurance (policy forms and disclosures)
- Mutual of Omaha: Term Life Insurance
- Mutual of Omaha: Guaranteed Whole Life Rate Chart (National)
- United of Omaha: Living Promise Highlight Sheet (hosted by an agency)
- AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries, Mar. 13, 2025
- Mutual of Omaha newsroom: AM Best affirms rating
- GoldenCare: AM Best affirms rating of Mutual of Omaha, Apr. 2, 2026
- NAIC Consumer Insurance Search (complaint lookup)
